BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming April 28, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of a class of investors who purchased or otherwise acquired Invuity, Inc. (“Invuity” or the “Company”) (NASDAQ: IVTY) securities between July 19, 2016 and November 3, 2016, inclusive (the “Class Period”). Invuity investors have until April 28, 2017 to file a lead plaintiff motion.
After the markets closed on November 3, 2016, Invuity announced its financial results for the third quarter of 2016 and, citing in part a decline in average revenue per account, the Company lowered its guidance. Invuity’s stock price fell significantly following the news.
The complaint filed in this class action alleges that Invuity issued false and misleading statements about its operations and results. Specifically, during the Class Period, Invuity misrepresented its ability to sustain its average revenue per account, which serves as a critical metric for the Company’s growth.
If you purchased Invuity shares, you may move the Court no later than April 28, 2017 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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